As an independent contractor in Redwood Estates, there are times when the folks working for you fall into gray areas where you may or may not need workers compensation insurance coverage. Do you fully understand the laws and obligations? We do, and it’s still hard to explain or just depends upon your individual situation. Don’t presume or take the word of someone who “may” know. Protect yourself, your interests and your workers and call the experts at California Contractors Insurance. We’ll give it to you straight and tell you exactly the type of workers compensation insurance you need.
Workers Compensation Insurance Company Near Me In Redwood Estates California
The worker’s compensation insurance experts at California Contractors Insurance have years of experience in the field of contractors insurance. Each of our highly skilled and certified agents is adept at designing workers compensation insurance policies that will meet the Redwood Estates CA 95044 legal requirements and the comprehensive coverage you and your workers need. Do you know what your obligations are when it comes to workers compensation insurance? Don’t guess and hope, find out and get covered. Trust us, you’ll sleep better knowing you have the coverage you need and require. As an independent contractor, you have enough to worry about, let us help provide you with the peace of mind you need.
Free Workers Compensation Insurance Quote – (888) 728-4034
Workers compensation insurance and health insurance are not the same things. Know the difference? We do, so call California Contractors Insurance at (888) 728-4034 and we’ll provide you with the right coverage your business needs. Request a free, no-obligation quote today and protect your business and your workers today. You’ll be glad you did.
More About Workers Compensation Insurance
Understanding Workers’ Compensation Insurance and More
Most mid-sized businesses in Redwood Estates will typically have at least a worker or two. Therefore, as a business owner, having some knowledge on how workers’ compensation insurance works will go a long way in saving you a grand headache and financial damages in case something takes place to any of your employees.
Workers’ compensation insurance coverage in Redwood Estates CA is an insurance policy that offers wage replacement and medical expenditures to your employees in case they are injured. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive suits by their staff members. In some cases, the suits can cause financial damages leading to the business to become insolvent when the damages awarded are too high for the company to manage. Therefore, this system of collective liability was adopted to fix the concern.
The compensation strategies in Redwood Estates vary among jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of earnings can be adopted. There will also be compensation for the financial loss for the hurt worker, payment or reimbursement of medical expenditures along with benefits granted to the staff members’ dependents in case of death.
As a company owner, you should understand why such an insurance coverage comes in handy. Apart from saving you from lawsuits that can damage your track record, it also prevents you from closing down due to high damages granted to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and areas the business is located. Hence, there isn’t really a single rule that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that area, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the carelessness of the employer in addition to compensatory damages for the company are not covered by the workers’ compensation plan. Thus, it would be prudent for the company to make sure that none of their policies or operations directly put the employees at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small businesses (specifically sole proprietorships and partnerships) won’t need the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the employees are exclusively paid on commission. Depending upon the state, the law might treat uninsured contractors as staff members in case they are hurt while working for you.
Getting the Plan
As a rule, if you have workers who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Many employers take measures to make sure that their workplace is safe, but mishaps do occur, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your workers in the event of an accident.